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[…]The post Changing Dimensions In ‘Power’; The Role Of India & China & Sri Lanka’s Predicament appeared first on Colombo Telegraph.
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
A gathering of BIMSTEC member states in Thailand currently could not have come at a better time, considering the rising economic needs of the South and South-East Asian regions in particular and those of the global South in general. The economic pressures at present being generated by the Ukrainian conflict, for example, help highlight the […]
By Y P Prakash The growth of regional industries is crucial for India to realize its ambitions of becoming a global manufacturing hub, and India’s potential in this regard is undeniable. The International Monetary Fund predicts that India’s GDP will grow by 6.1% in 2023, surpassing China’s projected growth of 4.4%. Furthermore, India is expected […]
[…]The post Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies appeared first on Colombo Telegraph.
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.
As he kicks off his reelection campaign, President Biden is doubling down on his push for economic engagement with Beijing. Seeking such dialogue makes political sense, but it risks lifting U.S. pressure on China without achieving real gains in return. Biden begins his run for president in a chaotic political environment. The Ukraine war slogs […]
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
One year into the Russian invasion of Ukraine, it is all too clear that none concerned has in any way gained by it. The two main sides to the conflict have dug their heels in and are in an unrelenting posture, raising the possibility of the Ukraine situation degenerating into yet another humanly-costly ‘Killing Field’. […]
[…]The post Is The World, Hopelessly Divided Over Ukraine, Coming Together For Sri Lanka? appeared first on Colombo Telegraph.
Having lost out to China considerably in its efforts to expand its influence in the global South and the ASEAN region, the West is giving every indication of making-up for lost time. While the US is in a stepped-up drive to cultivate the African continent, the EU is intensifying efforts to strengthen its economic ties […]
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
India and Indonesia think tanks – The Centre for Global Affairs and Public Policy (CGAPP) and Institute for Development of Economics and Finance (INDEF) respectively, held a discussion on “G20 and Global Dynamics” and recognized the impact of close bilateral cooperation. Indonesia
[…]The post Need To Restrain The Power Of Shadow Finance appeared first on Colombo Telegraph.
[…]The post Ranil’s Debt Driven Growth Strategy appeared first on Colombo Telegraph.
By Dr UPUL WIJAYAWARDHANA On Friday 23rd, the British Chancellor of the Exchequer was billed to present a mini-budget, but what he actually did took everyone by surprise, as it was a budget and half! It was full of tax cuts including the reduction of the basic rate of income tax from 20% to 19%, […]
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world’s largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are […]
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
Global un-employment set to rise
[…]The post Is Global Financial Crash Imminent in 2022? appeared first on Colombo Telegraph.
Says economy could contract 7-pct in 2022
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
[…]The post Wizards Of Original Sin appeared first on Colombo Telegraph.
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
[…]The post What Can Ranil Get Done? appeared first on Colombo Telegraph.